Gold Price Today, October 20, 2026: Gold prices in India have shown signs of recovery after a recent period of weakness, with both 22-carat and 24-carat gold becoming more expensive in several major cities. The upward movement comes during the festive season, when demand for gold jewellery and investment products traditionally receives support from household purchases.

According to the latest reported rates for Tuesday, October 20, the price of 24-carat gold in Delhi stands at ₹1,48,200 per 10 grams, while 22-carat gold is available at ₹1,35,860 per 10 grams. In Mumbai, 24-carat gold is priced at ₹1,48,050 per 10 grams.

Gold also gained momentum in Delhi's bullion market during the previous trading session, with 99.9% pure gold reportedly rising by ₹400. Meanwhile, silver prices have moved in the opposite direction, with the white metal quoted at ₹2,29,900 per kilogram.

As buyers prepare for the upcoming Diwali shopping season, movements in precious metal prices are attracting attention from jewellery customers, investors and bullion traders.

Gold Price Today: 24-Carat Gold Reaches ₹1,48,200 in Delhi

Gold prices have recovered from their recent decline, supported by festive buying interest and developments in international bullion markets.

In the national capital, 24-carat gold is quoted at ₹1,48,200 per 10 grams, while the rate for 22-carat gold stands at ₹1,35,860.

Mumbai and Kolkata have slightly lower reported prices, with 24-carat gold at ₹1,48,050 and 22-carat gold at ₹1,35,710 per 10 grams.

Similar rates have been reported in Chennai, Hyderabad and Bengaluru.

The difference between city-wise prices can arise from local market conditions, transportation costs, dealer margins and other charges.

Consumers should remember that the final amount charged by a jeweller may be higher than the published bullion rate because of making charges and applicable taxes.

Gold Rate October 20, 2026: Check Prices in 10 Major Indian Cities

The following table shows the reported morning rates for 22-carat and 24-carat gold across major Indian cities.

Note: These are indicative rates taken from the supplied October 20, 2026 report and have not been independently verified against live bullion-market quotations. Actual retail prices may vary.

Gold Becomes Costlier in Delhi's Bullion Market

The latest movement in gold prices follows an increase in Delhi's bullion market during the previous session.

According to the report, gold with 99.9% purity gained ₹400, reflecting improved buying interest and supportive global market conditions.

Festive demand is considered one of the factors behind the recovery.

Gold purchases often increase during major Indian festivals, particularly when households buy jewellery, coins and other precious metal products.

However, festival-related demand is only one part of the overall pricing picture. International gold prices, currency movements and investor expectations also play important roles.

The reported recovery does not necessarily indicate that gold prices will continue rising throughout the festive period.

Why Are Gold Prices Rising Ahead of Diwali 2026?

Several factors may be contributing to the latest increase in domestic gold prices.

1. Festive Jewellery Demand

The festive season is traditionally an important period for India's jewellery industry.

Consumers often purchase gold ornaments and coins for family celebrations, gifting and long-term savings.

Higher buying interest can provide support to local bullion markets, although the actual impact depends on overall market conditions.

2. Strength in International Gold Markets

Domestic gold prices are influenced by movements in global bullion markets.

When international gold prices rise, Indian prices may also move higher, depending on exchange rates and local market conditions.

3. Currency Fluctuations

India imports a substantial portion of the gold consumed in the country.

As international gold transactions are generally denominated in US dollars, movements in the rupee-dollar exchange rate can influence domestic prices.

A weaker rupee can make imported gold more expensive even when international bullion prices remain relatively stable.

4. Investor Demand for Precious Metals

Gold is often considered a portfolio diversification asset and a potential hedge against certain economic risks.

Changes in interest rate expectations, inflation concerns and global uncertainty can influence investment demand.

However, gold prices remain volatile, and the metal does not guarantee positive returns.

International Gold Price Today: Spot Gold Around $4,126 Per Ounce

According to the supplied market report, international spot gold is trading around $4,126.84 per troy ounce.

Global investors are also monitoring the upcoming monetary policy decision of the US Federal Reserve.

The report identifies October 27–28, 2026, as the dates of the next Federal Reserve policy meeting.

Interest rate decisions by the US central bank can influence gold prices because they affect bond yields, currency markets and the relative attractiveness of non-interest-bearing assets.

Higher interest rates can sometimes reduce the appeal of gold, while expectations of lower rates may provide support.

However, the relationship is not automatic, and gold prices can move differently depending on broader economic conditions.

The supplied report also states that the Federal Reserve raised its benchmark interest rate by 25 basis points in September, bringing the target range to 3.75%–4.00%. This policy detail has not been independently verified here.

Silver Price Today, October 20: White Metal Trades at ₹2,29,900 Per Kg

While gold has registered a recovery, silver prices are showing a weaker trend.

According to the report, silver is quoted at ₹2,29,900 per kilogram in the Indian market on the morning of October 20.

International spot silver is reported at approximately $56.69 per troy ounce.

Silver prices are influenced by both investment demand and industrial consumption.

Unlike gold, which is widely associated with jewellery and financial investment, silver is also used extensively in electronics, solar energy equipment and various industrial applications.

As a result, changes in industrial demand can influence silver prices alongside broader financial market developments.

The source report also refers to a significantly higher domestic silver price earlier in 2026, although that historical claim requires independent confirmation.

Gold vs Silver Prices on October 20, 2026

These figures represent the market quotations mentioned in the supplied report rather than guaranteed retail transaction prices.

Planning to Buy Gold This Festive Season? Check These Details First

Consumers purchasing gold jewellery should consider more than the quoted rate per gram.

The purity of the metal is one of the most important factors affecting its price.

While 24-carat gold has a higher purity level and is commonly associated with bullion products, 22-carat gold is widely used in jewellery because alloying improves its suitability for making ornaments.

Buyers should verify BIS hallmarking details and the Hallmark Unique Identification (HUID) number where applicable.

Making charges can also differ significantly between jewellers and jewellery designs.

In addition, customers should review the final invoice, including the gold weight, purity, making charges and applicable GST.

Comparing the complete purchase cost rather than only the displayed gold rate can help buyers make a more informed decision.

Will Gold Prices Increase Further Before Diwali?

Market participants are watching whether festive buying interest will continue to support domestic gold prices.

Demand from jewellery buyers may strengthen during the festival period, but international market movements could also create fluctuations.

The upcoming Federal Reserve policy decision, currency movements and changes in global investor sentiment are among the factors likely to remain in focus.

As a result, predicting the exact direction of gold prices over the coming days is difficult.

Consumers planning major purchases may prefer to monitor daily rates and assess their budget rather than make decisions solely on short-term price movements.

Gold Price Today, October 20: Latest Market Summary

Gold prices have shown a recovery in the supplied October 20, 2026 market report, with 24-carat gold quoted at ₹1,48,200 per 10 grams in Delhi and ₹1,48,050 in Mumbai.

The price of 22-carat gold stands at ₹1,35,860 in Delhi, Jaipur and Lucknow, while Mumbai, Kolkata, Chennai and Hyderabad have reported rates of ₹1,35,710 per 10 grams.

Meanwhile, silver is quoted at ₹2,29,900 per kilogram, reflecting a weaker trend compared with gold.

With festive demand and global monetary policy developments influencing precious metal markets, buyers should confirm the latest rates with authorised jewellers before making a purchase.